If the loan amount is huge then banks do mind your paying off the loan in advance.

I always thought if you paid of your loan early then you would get a deduction is this incorrect?

I really do not to much about loans. But i did not know that they would charge a fee if you pay the loan off early. I thought it would help your credit and that they would not mind you paying it off early. This good too know.

i agree! if you have the money to pay off a loan then do it
interest is really a pain and getting rid of them earlier, the better! ^_^b